US tariff revenue soared to $30 billion in January, with fiscal year-to-date collections up 304% year-on-year, easing the federal deficit as the Supreme Court weighs the legality of Trump’s reciprocal tariffs.
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US January Tariff Revenue Hits $30 Billion—Fiscal Year-to-Date Up 304% Year-on-Year
US tariff revenue soared to $30 billion in January, with fiscal year-to-date collections up 304% year-on-year, easing the federal deficit as the Supreme Court weighs the legality of Trump’s reciprocal tariffs.
Myron Says Tariff Policy Has Not Hit Economy as Feared
Federal Reserve Governor Steven Myron said Trump-era tariffs have had a limited impact on the U.S. economy, with most costs borne by foreign firms, and noted challenges ahead for Fed balance sheet reduction.
US Treasury Secretary Scott Besant said President Trump will select the next Fed Chair in January, with four candidates under consideration, and reiterated calls for rate cuts as the US deficit improves.
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US Treasury Secretary - Trump to Decide Next Fed Chair in January—Four Candidates Under Consideration
US Treasury Secretary Scott Besant said President Trump will select the next Fed Chair in January, with four candidates under consideration, and reiterated calls for rate cuts as the US deficit improves.
Wall Street analysts warn that if the U.S. Supreme Court voids Trump-era tariffs, markets could see both positive and negative effects, with broad implications for economic growth, inflation, and fiscal policy.
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Wall Street - 'If Trump Tariffs Are Voided, Markets to See Both Positive and Negative Effects'
Wall Street analysts warn that if the U.S. Supreme Court voids Trump-era tariffs, markets could see both positive and negative effects, with broad implications for economic growth, inflation, and fiscal policy.
Franklin Templeton’s Larry Hatheway forecasts a sustained rise in US real interest rates, citing increased fiscal and corporate demand and reduced capital inflows due to trade policy, with limited immediate impact expected for South Korea’s rates.
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[Interview]Franklin Templeton’s Larry Hatheway Forecasts ‘A World of Higher Real Interest Rates’
Franklin Templeton’s Larry Hatheway forecasts a sustained rise in US real interest rates, citing increased fiscal and corporate demand and reduced capital inflows due to trade policy, with limited immediate impact expected for South Korea’s rates.
Nobel Laureate Stiglitz Says Markets Underestimate US Fiscal Risks
Columbia University’s Joseph Stiglitz warns that markets are underestimating US fiscal risks, citing unsustainable tariff revenues and rising real interest rates.
US Treasury Yields Mixed in Asian Trading—S&P 500 Futures Flat
US Treasury yields traded mixed in Asian markets on June 4, with the 10-year yield at 4.4470% and S&P 500 futures flat, as investors await a Trump-Xi call and monitor US budget talks.
[China Stock Market Closing]Chinese Stocks Weaken After Three Days Amid US Fiscal Deficit Concerns
Chinese stocks decline after three-day rally as US fiscal deficit concerns weigh on Asian markets, with Shanghai Composite falling 0.22% and Shenzhen Composite dropping 0.95%
[Today's Forex Dealer Expected Exchange Rate Range]USD/KRW Expected to Move Around Mid-1,370 Level
Seoul forex dealers expect USD/KRW to trade around mid-1,370 won amid U.S. fiscal deficit concerns and potential pressure for won appreciation, with market cautiously watching G7 and U.S.-Japan meetings
6 Key Takeaways from Buffett at This Year's Annual Meeting
Warren Buffett announces retirement plans and shares insights on trade, market volatility, and U.S. economic leadership at Berkshire Hathaway's annual meeting
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